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Streetlight Intelligence Inc. and National Semiconductor to Collaborate on Feature-Rich Street Lighting Technologies

^{Published on 2011-01-10 06:35:57 - Market Wire}
 

VICTORIA, Jan. 10 /CNW/ - Streetlight Intelligence Inc. (TSX-V:SLQ, "SLQ"), of Victoria, British Columbia, Canada, a leading developer of adaptive street light control and monitoring technology, and National Semiconductor Corp. (NYSE:NSM, "National"), a leading provider of analog and power management technology, have entered into a non-binding memorandum of understanding (MOU) to integrate SLQ's Lumen IQ™ Adaptive Street Light Control Systems and National Semiconductor's LED driver technology and assess further business opportunities that may arise.  The companies' intentions are to develop and promote future integrated LED driver and intelligent control and monitoring solutions for street lighting, as well as enhance SLQ's existing intelligent control and monitoring product for high intensity discharge ("HID") street lights.  

"We anticipate marketing products to LED street light manufacturers that are feature rich while offering a major cost advantage over current options, which could potentially have a dramatic effect on the overall adoption of LED-based adaptive street lighting," states Vince Krynski, CEO of SLQ.  "By working closely with National, our ultimate objective is to increase the use of intelligent street lighting controls, reduce the cost of production and ease the cost of installation."

The two companies initially expect to collaborate on integrating SLQ's control system with National's LED driver solution for street lighting.  They will also evaluate development possibilities for the next generation of hardware for the Lumen IQ™ adaptive street light management system, including a spatial redesign of the Lumen IQ™ controller to fully integrate inside all styles of street light fixtures.

"SLQ shares our vision regarding the global adoption of adaptive street lighting.  With National's abilities in integrated circuitry, analog and power management systems along with SLQ's advanced control and monitoring technologies for both LED lighting as well as HID legacy systems, there is an opportunity to realize our shared vision to develop a unique, world-class street lighting technology platform," said Joe DeNicholas, Director of National Semiconductor's Lighting Business Unit.

All of the foregoing is subject to formal agreement and regulatory approval.

About National Semiconductor

National Semiconductor is a leader in power management technology.  Known for its easy-to-use analog integrated circuits and world-class supply chain, National's high-performance analog products enable its customers' systems to be more energy efficient.  Headquartered in Santa Clara, Calif., National reported sales of $1.42 billion for fiscal 2010.  Additional information is available at [ www.national.com ].

About Streetlight Intelligence Inc.

Streetlight Intelligence Inc. develops advanced street light optimization systems. Trademarked as Lumen IQ™, SLQ's technologies provide improved lamp performance, adaptive lighting control, and system-wide communications for centralized street light management.  SLQ's systems enable street light operators to significantly reduce their community's energy consumption, maintenance costs and environmental impact. SLQ is a public company listed on the TSX Venture Exchange under the symbol "SLQ".  For more information, visit [ www.StreetlightIQ.com ].

Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian securities laws. These statements relate to analysis and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning an evaluation of the Lumen IQ™ system, the development of an integrated power and control solution for LED street lights, and other factors and events described in this news release should be viewed as forward-looking statements to the extent that they involve estimates or predictions thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the ability and timing of the Corporation and/or National Semiconductor to complete the review of the existing systems, the development of new systems, the market acceptance and market size and profitability of any new developments, obtaining formal agreement and regulatory approval and such other business risks as discussed herein and other publicly filed disclosure documents of the Corporation which are specifically incorporated herein by reference. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements there may be other factors that cause actions events or results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

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